Aave founder Stani Kulechov criticized proposed changes in the EU's Markets in Crypto-Assets regulation (MiCA) that could restrict stablecoin yields and impose new controls on decentralized finance (DeFi) access. European regulators like the EBA and ECB suggest measures such as suitability tests, leverage limits, and protocol certification, potentially creating regulated gateways that limit open DeFi networks. These proposals, still under review, could fragment liquidity and restrict user access to DeFi lending and stablecoin returns. The debate highlights a broader regulatory challenge of balancing open DeFi innovation with investor protection in Europe. Kulechov remains confident that DeFi will ultimately prevail despite these hurdles.
Aave founder Stani Kulechov's comments on EU MiCA review come as Pluang reports 12 of 50 major cryptocurrencies rose and 37 fell today. Notable movers include XTZ at Rp5.536 with a 4.96% drop and 61% sell order activity, VET at Rp150 down 4.86% with 68% buy orders, and ATOM at Rp29.000 down 4.77% with 67% sell orders. Data is as of Oct 03, 2026 04:01 WIB.
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